Spot Bitcoin ETFs in the United States experienced a significant net inflow of $479.4 million on the first trading day of the week, marking the highest daily influx since October 14. The leading fund, BlackRock’s IBIT, attracted $315.19 million, extending its positive streak for eleven consecutive days.
Alongside BlackRock’s IBIT, the ARKB fund, a collaboration between Ark and 21Shares, garnered $59.78 million, making it the second most popular ETF. Fidelity’s FBTC fund also saw a noteworthy inflow of $44.12 million. Bitwise’s BITB and Grayscale’s Bitcoin ETFs recorded inflows of $38.67 million and $21.59 million, respectively. However, the remaining seven spot Bitcoin ETFs did not receive any inflows.
This activity was supported by a total ETF trading volume of $3 billion on Monday, an increase compared to Friday’s volume of $2.9 billion. Bitcoin’s price rose by 4.75% in the last 24 hours, reaching $71,200, the highest level since June. During this surge, Ethereum also increased by 5.11%, reaching $2,619.
In contrast to the record inflows in spot Bitcoin ETFs, spot Ethereum ETFs faced a net outflow of $1.14 million on Monday, a decrease from the $19.16 million outflow recorded on Friday. Grayscale’s ETHE product experienced an outflow of $8.44 million, partially offset by $5.02 million in inflows to Fidelity’s FETH product and $2.28 million into BlackRock’s ETHA product. The remaining six spot Ethereum ETFs did not receive any inflows.
The total trading volume for the nine Ethereum ETFs decreased to $187.49 million on Monday, compared to $189.88 million on Friday. The significant interest in spot Bitcoin ETFs indicates increased investor confidence in Bitcoin, as these ETFs track movements triggered by volatility.
Please note that the information in this article does not constitute investment advice. Investors should be aware of the high volatility and risk associated with cryptocurrencies and conduct their own research.
